Explore Business Standard
Delhi-based DLF today listed at near 11% premium at Rs 582 as against the issue price of Rs 525. DLF had priced its initial public offer at Rs 525 a share, a discount of 4.5% to the higher end of the price band of Rs 500-550.<br><br> Billionaire KP Singh-promoted DLF will be using one third of the issue proceeds (nearly Rs 3,500 crore) to buy land for its upcoming projects, while the balance will be used in the development of these projects and to pay off some debts.